Stoneridge Investment Partners LLC Acquires New Stake in Allegion plc (NYSE:ALLE)

Stoneridge Investment Partners LLC acquired a new stake in Allegion plc (NYSE:ALLE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,477 shares of the scientific and technical instruments company’s stock, valued at approximately $2,284,000.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Allegion by 5.3% in the 2nd quarter. Cetera Investment Advisers now owns 13,788 shares of the scientific and technical instruments company’s stock valued at $1,629,000 after buying an additional 697 shares during the period. Czech National Bank lifted its holdings in Allegion by 6.5% in the third quarter. Czech National Bank now owns 17,748 shares of the scientific and technical instruments company’s stock valued at $2,587,000 after acquiring an additional 1,085 shares during the period. GAMMA Investing LLC boosted its position in shares of Allegion by 66.2% during the 3rd quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 129 shares in the last quarter. CWM LLC grew its stake in shares of Allegion by 11.3% during the 3rd quarter. CWM LLC now owns 3,358 shares of the scientific and technical instruments company’s stock worth $489,000 after purchasing an additional 340 shares during the period. Finally, LVW Advisors LLC increased its holdings in shares of Allegion by 10.2% in the 3rd quarter. LVW Advisors LLC now owns 5,507 shares of the scientific and technical instruments company’s stock valued at $803,000 after purchasing an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the transaction, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Allegion Stock Performance

NYSE ALLE opened at $128.64 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The business has a fifty day moving average of $133.15 and a 200-day moving average of $137.43. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Allegion’s dividend payout ratio is 29.49%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ALLE shares. Wells Fargo & Company decreased their price objective on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays lowered their price target on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Mizuho upped their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and a consensus target price of $140.83.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.